Commercial Building
Rebounded in March

A Wall Street Journal NEWS ROUNDUP

Updated May 7, 2008 12:01 a.m. ET

After declining for several months, spending on commercial construction bounced back in March. According to the Census Bureau, private nonresidential construction spending in March was at a seasonally adjusted annual rate of $382.3 billion, up 1.9% from a revised $375.3 billion rate in February. The value of private residential construction continued to fall and was at a seasonally adjusted annual rate of $445 billion in March, down 4.6% from $466.7 billion in...